- – beds
- – baths
- – sqft
- ~1/2 acre lot
- 1957 build
- – on site
JNM Realty Inc is proud to present, on an exclusive basis, a 22-unit low-rise apartment complex in the heart of East Hollywood with tremendous in-place cash flow. The asset has been professionally managed and maintained over the past 11 years and presents the opportunity for a new investor to improve the facility and its financial output through extended renovations. Community amenities include a pool, laundry room, and onsite parking. The property has been extremely well-maintained with improvements to the exterior facade and sixteen (16) of twenty-two (22) units fully renovated featuring new flooring, electrical, plumbing, and mini splits. There are (17) onsite parking spaces, non-tandem. A qualified investor could assume the favorable 3.20% interest-only rate through March 2026, amortizing through March 2027. This results in an 8.51% cash on cash return immediately upon acquisition. Through renovations and improvements, the property has the potential to reach a 7.02% stabilized cap rate and a 13.87% cash on cash return. Additional potential upside through ADUs through utilizing the onsite parking. Buyer to verify.
Last checked:
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Last updated Jun 17, 2025
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MLS# 25553221 —
The Building
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Year Built:1957
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New Construction:No
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Building Area Total:15320.00
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Total Number Of Units:22
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# of Buildings:1
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Stories Total:2
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Faces:South
Interior
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Levels:Multi/Split
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Laundry:Washer Included, Dryer Included, Community
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Laundry:1
Location
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Directions:--
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Latitude:34.10084100
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Longitude:-118.30813200
The Property
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Property Type:Residential Income
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Property Condition:Updated/Remodeled
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Zoning:LAR4
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Lot Size Area:17165.0000
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Lot Size Acres:0.3941
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Lot Size SqFt:17165.00
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View:1
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View:Courtyard
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Security Features:Automatic Gate, Gated Community, Card/Code Access, Carbon Monoxide Detector(s)
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Special Listing Conditions:Standard
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Parcel Number:5544021007
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Showings Begin:2025-06-16
Appliances
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Included:Yes
The Community
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Association:No
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Pool:Community
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Senior Community:No
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Private Pool:No
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Spa Features:None
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Assessments:No
Parking
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Parking:Yes
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Parking:Covered
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Parking Spaces:17.00
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Uncovered Spaces:11.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
6/17/25
Jun 17, 2025
|
Listed / Active | CRMLS_CA | $6,250,000 |